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Barington Capital takes Bath & Body Works stake, pushes for sale, Bloomberg reports
2+ day, 7+ hour ago (361+ words) Sept 10 (Reuters) – Activist investment firm Barington Capital Group has taken a new stake in Bath & Body Works and is pushing the personal care brand to explore a sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares…...
Adobe beats third-quarter revenue estimates on AI product demand
2+ day, 4+ hour ago (110+ words) Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according…...
Nubank launches US high-yield savings account, credit cards, remittances
2+ day, 13+ hour ago (299+ words) By Tatiana Bautzer and Andre Romani NEW YORK/SAO PAULO, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Thursday through bank partners, it announced in a securities filing. The initial products will be…...
Goldman Sachs investment strategy chief Mossavar-Rahmani to retire, memo says
2+ day, 11+ hour ago (172+ words) Sept 10 (Reuters) – Goldman Sachs has named Farshid Asl and Matt Weir as co-heads of its Investment Strategy Group, succeeding Sharmin Mossavar-Rahmani, according to an internal memo seen by Reuters on Thursday. • Mossavar-Rahmani, who has led the Investment Strategy Group and…...
Nasdaq to invest $100 million in Kraken parent to deepen tokenization push
2+ day, 18+ hour ago (195+ words) Sept 10 (Reuters) – Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities. • Nasdaq said the companies aim to build infrastructure…...
ECB lifts growth, inflation projections
2+ day, 17+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...
Japan aims to address abduction issue firmly at North Korea summit, top govt spokesperson says | WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI
3+ day, 1+ hour ago (79+ words) Japan aims to address abduction issue firmly at North Korea summit, top govt spokesperson says WNWN-FM Japan aims to address abduction issue firmly at North Korea summit, top govt spokesperson says TOKYO, Sept 10 (Reuters) – Japan aims to firmly address the…...
Factbox-Sweden election: what you need to know
2+ day, 21+ hour ago (565+ words) Sept 10 (Reuters) – Sweden will hold a parliamentary election on September 13 with the centre-left opposition holding a slim lead in opinion polls over Prime Minister Ulf Kristersson’s ruling right-wing bloc. Kristersson is seeking to form a majority government with his existing…...
American Eagle shares slide as flat margin outlook, weak core brand weigh
2+ day, 21+ hour ago (266+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as…...
US regulator says credit scoring firm FICO increasing prices for borrowers
3+ day, 10+ hour ago (258+ words) WASHINGTON, Sept 9 (Reuters) – U.S. federal housing regulator Bill Pulte said on Wednesday credit scoring company FICO was unduly keeping consumer costs high, adding that his agency was studying changes to the use of credit reports to reduce the cost of…...